Service & Supply

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Oil Waste Company STO Formed From LOI

Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.

Fri, 06/26/2015 - 14:53
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Core Lab Acquires Sanchez Technologies

Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.  

Wed, 06/24/2015 - 14:53
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Seventy Seven Energy Wraps Up Trucking Company Sale

Seventy received $42 million for the sale of Hodges to an Aveda Transportation subsidiary. Hodges currently operates and owns about 900 pieces of rig moving and heavy haul equipment. 

Tue, 06/16/2015 - 09:35
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ROC Services Receives Facility For Acquisition By Coral Reef

Wellsite services provider ROC Services Co. will be acquired by Coral Reef Capital. GE Capital Markets arranged a $17 million credit facility funding the acquisition.

Wed, 06/10/2015 - 12:21
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Houston's Willbros Plans Sale Of Professional Services Segment

The Houston company will continue to provide the full suite of construction, maintenance and engineering procurement construction (EPC) services it currently offers through its oil and gas, utility transmission and distribution (T&D) and Canada segments.

Tue, 06/09/2015 - 08:37
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Prospector Offshore Will Sell Harsh-Environment Jackups

Prospector Offshore Drilling SA will sell two heavy-duty, harsh-environment jackups, Prospector 1 and Prospector 5, to subsidiaries of SinoEnergy. Prospector will receive about $292 million in net proceeds. 

Fri, 06/05/2015 - 10:38
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Drilling Fluid Additive Producer NFS Acquired By OMNOVA

NFS’ full line of drilling fluid additives, including lost circulation materials, emulsifiers, lubricants and shale inhibitors used onshore and offshore were included in the $5 million transaction. 

Thu, 06/04/2015 - 10:28
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Seventy Seven Energy Will Sell Hodges Trucking Co.

Hodges operates and owns about 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. The transaction is scheduled to close June 15.

Tue, 05/26/2015 - 12:27
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Dynamic Industries Saudi Arabia Will Support Saudi Aramco Offshore Work

Saudi Aramco will receive engineering, procurement, construction and installation services, fabrication services and facility maintenance for development of non-associated gas fields and production as it expands offshore to Red Sea. 

Wed, 05/20/2015 - 08:30
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Spectrum, Schlumberger Enter Mexico Deepwater Seismic Agreement

Through a cooperation agreement, multiclient seismic imaging company Spectrum Geo and oilfield services company Schlumberger Ltd. will jointly acquire and process Spectrum’s offshore Mexico Campeche-Yucatan 2-D regional multiclient program.

Tue, 05/19/2015 - 10:56
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Geodynamics Acquires Connor Oil Tools

Saginaw, Texas-based Connor Oil Tools manufactures well intervention products, and they will join the product range of  Legacy Oil Tools, said David Wesson, Geodynamics’ president and CEO. 

Mon, 05/18/2015 - 15:55
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Service Companies Might Turn To Mergers In Second-Half 2015

Services companies have taken the hardest hit in industry from the oil price drop, Bloomberg said. Companies with weaker balance sheets might need to consider mergers to survive.  

Fri, 05/15/2015 - 12:19

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